Not feeling all that comfortable....
The forex markets in the NY session seem a bit herky jerky.
The EURUSD gets started and stops and goes the other way. Then does it again and again. We have moved above the the broken trend line at 1.1039, but so far momentum on the "BREAK" is minimal . In fact we now trade at 1.1038.
The GBPUSD just pushed above the 200 bar MA on the 15 minute chart. That line has been a ceiling today in this pairs up and down trading. There was a run to new session highs (from 1.22095 to 1.2232, but the price moved back to 1.2214 just as fast as it went up.
The USDJPY pounded the 100 day MA, dipped below it, and then shot back higher. It moved back above the broken trend line and teh 100 hour MA but the action on the break has been limited.
The AUDUSD and the NZDUSD are both in an up and down NY session as well.
There are days where you just don't feel all that comfortable. Today is one of those days for me.
